Levi Strauss & Co. (LEVI) Stock Could Soon Reward Patient Investors

Levi Strauss & Co. (NYSE: LEVI) is 7.44% higher on its value in year-to-date trading and has touched a low of $12.41 and a high of $18.47 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LEVI stock was last observed hovering at around $17.77 in the last trading session, with the day’s loss setting it 0.0%.

Currently trading at $17.77, the stock is 9.26% and 10.99% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.0 and changing 0.00% at the moment leaves the stock 21.97% off its SMA200. LEVI registered 0.68% gain for a year compared to 6-month gain of 19.66%. The firm has a 50-day simple moving average (SMA 50) of $1.43 and a 200-day simple moving average (SMA200) of $18.58.

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The stock witnessed a 8.62% loss in the last 1 month and extending the period to 3 months gives it a 20.56%, and is 9.56% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.98% over the week and 3.48% over the month.

Levi Strauss & Co. (LEVI) has around Feb 06 2024 employees, a market worth around $7.07B and $6.18B in sales. Current P/E ratio is 28.56 and Fwd P/E is 12.68. Profit margin for the company is 4.04%. Distance from 52-week low is 43.13% and -3.79% from its 52-week high. The company has generated returns on investments over the last 12 months (6.29%).

Levi Strauss & Co. quarterly earnings per share for the current quarter are estimated at $0.21 with sales reaching $1.54B over the same period.The EPS is expected to grow by 10.72% this year, but quarterly earnings will post 2.30% year-over-year.

Levi Strauss & Co. (LEVI) Top Institutional Holders

288 institutions hold shares in Levi Strauss & Co. (LEVI), with institutional investors hold 87.11% of the company’s shares. The shares outstanding are 102.10M, and float is at 88.50M with Short Float at 12.81%. Institutions hold 80.92% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 8.2 million shares valued at $118.38 million. The investor’s holdings represent 8.20% of the LEVI Shares outstanding. As of Jun 29, 2023, the second largest holder is Wellington Management Group, LLP with 8.02 million shares valued at $115.66 million to account for 8.01% of the shares outstanding. The other top investors are Macquarie Group Limited which holds 6.14 million shares representing 6.14% and valued at over $88.6 million, while FMR, LLC holds 5.81% of the shares totaling 5.81 million with a market value of $83.81 million.

Levi Strauss & Co. (LEVI) Insider Activity

A total of 9 insider transactions have happened at Levi Strauss & Co. (LEVI) in the last six months, with sales accounting for 1 and purchases happening 8 times. The most recent transaction is an insider sale by LAYNEY TRACY ,the company’sEVP and Chief HR Officer. SEC filings show that LAYNEY TRACY sold 15,894 shares of the company’s common stock on Feb 07 at a price of $17.02 per share for a total of $0.27 million. Following the sale, the insider now owns 41468.0 shares.

Levi Strauss & Co. disclosed in a document filed with the SEC on Dec 26 that O’Neill Elizabeth T (EVP & Chief Operations Officer) sold a total of 38,975 shares of the company’s common stock. The trade occurred on Dec 26 and was made at $17.00 per share for $0.66 million. Following the transaction, the insider now directly holds 58224.0 shares of the LEVI stock.

Still, SEC filings show that on Nov 14, O’Neill Elizabeth T (EVP & Chief Operations Officer) disposed off 17,106 shares at an average price of $15.00 for $0.26 million. The insider now directly holds 97,199 shares of Levi Strauss & Co. (LEVI).